SWAPHUB: A REWARDING DEX ECOSYSTEM WITH GREAT FEATURES
INTRODUCTION
Swaphub is a fully distributed system, a protocol designed to be the perfect leverage for DeFi projects. Some features have already been consolidated into it to take it from the uniswap protocol to what it now is right about now. As a robust system, the community will begin to benefit from it. The Excellency of this project is seen in the fact that it is useful in many DeFi projects and now that it has evolved with highlights that should benefit the entire community.
SWAPHUB ECOSYSTEM
This platform allows all providers to provide liquidity to the platform through the liquidity pool, making all users actively participating in it, thus making it possible for them to earn passive income. Assets are therefore contributed into the pool to provide more liquidity but the less you contribute, the more you contribute, the more income you will get from SWAPHUB. This platform has an aim of making people earn more from the uniswap and the more it becomes popular, the more income you will be able to earn from it.
SWAPHUB makes rewards go round through HUB tokens and it provides liquidity.
HUB TOKEN DISTRIBUTION
Since there are so many users already and more that will still participate, this platform has a unique uniswap pool that will help the token distribution mechanism. The token (HUB) was designed to help boost SWAPHUB, this helps all those existing liquidity providers to be a part of swaphub easily as the token is used in the network.
For the uniswap LP token is useful, it is a great tool for stakers in the platform. In the platform, blocks are used alongside block numbers and the rewarding is done in relation to the blocks and the amount of LP that is invested in the network. Users can however check their status in the platform just to know how they are fairing with the staking and all.
The blocks created in this platform will make new tokens issued. The new tokens will be as much as 100 HUB token and staking will continue in the pool.
The platform will be for supporters and users of the HUB token. 200 HUB tokens will be issued per block created and that will continue for five weeks in favour of the early supporters. Then after the end of the first five weeks 100 HUB tokens will be issued per single block.
The token to be issued in the platform is limited in volume and there is no limit to the number of blocks that can be created in the network. Then it includes a bonus period that makes a volume of about 220 million HUB available in the community.
CONCLUSION
The traders in this platform are going to trade with little fees of about 0.3%. This sum is added to the liquidity pool and is converted to the reward that is given to the providers. This project has a long term viability and is being enhanced by the swapHub such that tokens can always be supplied. Thanks to the team that made this project a possibility especially to aid the DeFi projects.
USEFUL LINKS
Website: https://swaphub.finance/
Telegram: https://twitter.com/swaphubfinance
Twitter: https://t.me/swaphub
Medium: https://medium.com/@swaphub
AUTHOR'S DETAILS
Bitcointalk Username: Smartkeok
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2661446